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FAM
Fred Alger Management Portfolio holdings
AUM
$22.8B
1-Year Est. Return
64.63%
This Fund
S&P 500
This Quarter
Est. Return
+5.88%
1 Year Est. Return
+64.63%
3 Year Est. Return
+243.99%
5 Year Est. Return
+318.3%
10 Year Est. Return
+1,899.64%
AUM
$21.5B
AUM Growth
-$647M
(-2.9%)
Cap. Flow
-$1.48B
Cap. Flow
% of AUM
-6.88%
Top 10 Holdings %
Top 10 Hldgs %
38.78%
Holding
614
New
58
Increased
200
Reduced
215
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$164M |
| 2 |
Salesforce
CRM
|
+$163M |
| 3 |
SBA Communications
SBAC
|
+$130M |
| 4 |
Boeing
BA
|
+$128M |
| 5 |
RHT
Red Hat Inc
RHT
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$496M |
| 2 |
Apple
AAPL
|
+$260M |
| 3 |
Amazon
AMZN
|
+$179M |
| 4 |
Microchip Technology
MCHP
|
+$130M |
| 5 |
Crown Castle
CCI
|
+$129M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.61% |
| 2 | Consumer Discretionary | 16.32% |
| 3 | Healthcare | 15.75% |
| 4 | Communication Services | 12.15% |
| 5 | Financials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Raymond James Financial
RJF
$34B
| $13K | ﹤0.01% |
+215
| New | +$13.4K |
|
|
SCHW
502
Charles Schwab
SCHW
$184B
| $13K | ﹤0.01% |
+249
| New | +$13.3K |
|
503
Waters Corp
WAT
$37.7B
| $13K | ﹤0.01% |
+64
| New | +$13.2K |
|
504
Albemarle
ALB
$13.3B
| $12K | ﹤0.01% |
132
| – | – |
|
|
BNY
505
Bank of New York Mellon
BNY
$106B
| $12K | ﹤0.01% |
+230
| New | +$12.8K |
|
506
Cummins
CMI
$88.5B
| $12K | ﹤0.01% |
73
-72
| -50% | -$12.4K |
|
507
Ecolab
ECL
$79.6B
| $12K | ﹤0.01% |
84
-4,691
| -98% | -$631K |
|
|
PX
508
DELISTED
Praxair Inc
PX
| $12K | ﹤0.01% |
+86
| New | +$13.4K |
|
|
DISH
509
DELISTED
DISH Network Corp.
DISH
| $12K | ﹤0.01% |
327
| – | – |
|
510
Becton Dickinson
BDX
$45.8B
| $11K | ﹤0.01% |
52
| – | – |
|
511
Cadence Design Systems
CDNS
$95.1B
| $11K | ﹤0.01% |
288
| – | – |
|
512
Waste Management
WM
$96.1B
| $11K | ﹤0.01% |
133
-140
| -51% | -$12K |
|
513
Brookfield
BN
$104B
| $10K | ﹤0.01% |
703
-836
| -54% | -$12.1K |
|
514
Euronet Worldwide
EEFT
$3.15B
| $10K | ﹤0.01% |
128
-60
| -32% | -$5.28K |
|
515
Hain Celestial
HAIN
$44.8M
| $10K | ﹤0.01% |
307
| – | – |
|
516
Starbucks
SBUX
$118B
| $10K | ﹤0.01% |
170
-6,644
| -98% | -$384K |
|
517
Trane Technologies
TT
$104B
| $9K | ﹤0.01% |
107
-69
| -39% | -$6.19K |
|
518
SS&C Technologies
SSNC
$18.8B
| $8K | ﹤0.01% |
148
-10,172
| -99% | -$504K |
|
519
State Street
STT
$50.2B
| $8K | ﹤0.01% |
78
| – | – |
|
520
Best Buy
BBY
$18.9B
| $7K | ﹤0.01% |
+94
| New | +$6.76K |
|
521
Illinois Tool Works
ITW
$84.9B
| $7K | ﹤0.01% |
44
| – | – |
|
522
Moody's
MCO
$83.9B
| $7K | ﹤0.01% |
43
| – | – |
|
523
Northern Trust
NTRS
$22.2B
| $7K | ﹤0.01% |
68
| – | – |
|
524
PNC Financial Services
PNC
$100B
| $7K | ﹤0.01% |
47
-79
| -63% | -$12.3K |
|
525
Royal Bank of Canada
RY
$295B
| $7K | ﹤0.01% |
+87
| New | +$7.06K |
|
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Fred Alger Management's Q1 2018 Portfolio in Review
As of Q1 2018, Fred Alger Management held 614 positions worth $21.5B, down 2.9% from $22.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Fred Alger Management withdrew a net $1.48B in Q1 2018, closing 65 positions and reducing 215 holdings. Its most notable exit was Broadcom, an estimated $496M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Fred Alger Management opened a new position in Zayo Group Holdings, Inc. worth $33.9M.
- Fred Alger Management's largest Q1 2018 buy was Zayo Group Holdings, Inc.: 991,263 shares worth $33.9M.
- Fred Alger Management added most to Microsoft in Q1 2018, an estimated $164M increase.
- Fred Alger Management's biggest Q1 2018 reduction was Apple, cutting an estimated $260M.
- Fred Alger Management fully exited Broadcom in Q1 2018, selling an estimated $496M.
- Fred Alger Management's ten largest holdings make up 39% of its $21.5B portfolio in Q1 2018.
- Fred Alger Management opened 58 new positions and closed 65 in Q1 2018.
- Fred Alger Management's portfolio value fell 2.9% quarter-over-quarter to $21.5B.
Based on Fred Alger Management's 13F filing for Q1 2018, filed 10 May 2018.